Global crypto funds log $858M inflows in sixth straight positive week as Clarity Act progress lifts sentiment: CoinShares
Global crypto funds logged $858 million in inflows last week—their sixth consecutive positive week—driven by progress on the U.S. Clarity Act and Bitcoin breaking $80,000. BlackRock's iShares led inflows with $733 million. Bitcoin products dominated with $706 million, while Ethereum and Solana also attracted capital. The Senate Banking Committee markup this week could further boost sentiment toward a July 4 passage deadline.
Key takeaways
- 1Global crypto funds logged $858 million in inflows last week, marking six consecutive positive weeks and strongest total since late April.
- 2Bitcoin products dominated with $706 million in flows as BTC broke above $80,000; BlackRock iShares led all providers with $733 million.
- 3U.S. Clarity Act progress, including May 1 stablecoin yield compromise, drove sentiment surge with Senate Banking Committee markup this week targeting July 4 passage.
Coins in this story
Why it matters
Sustained institutional inflows signal growing mainstream crypto adoption in major markets, while U.S. regulatory clarity could reshape India's policy stance toward crypto classification and institutional participation.
Explore how ETF is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
New Fed chair, Base's Azul upgrade, corporate earnings: Crypto Week Ahead
Bitcoin holds $80,814 as markets await U.S. inflation data and Federal Reserve leadership transition. Base's Azul upgrade launches this week alongside crypto company earnings season. India inflation expected at 3.8% impacts regional investor sentiment. Market focus shifts toward sustainable infrastructure over speculative narratives, with institutional allocators reassessing positions amid macro volatility and regulatory developments including the Digital Asset Market Clarity Act vote.
Circle said to raise $222 million for Arc blockchain token sale at $3 billion valuation
Circle raised $222 million for its Arc blockchain token at a $3 billion valuation, backed by BlackRock, Apollo, a16z crypto, Bullish, and others. ARC functions as a native coordination asset supporting governance, validator security, and operations on Arc, designed for institutional stablecoin markets and regulated financial activity. This marks Circle's major expansion beyond USDC payments infrastructure into blockchain infrastructure.
Bitcoin mining pools with 75% of BTC hashrate join open standard for block construction
Seven major Bitcoin mining pools controlling 75% of global hashrate—Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND—have joined the Stratum V2 working group. The open-source protocol shifts block construction decisions from pool operators to individual miners, reducing centralization risks. This marks Bitcoin's biggest mining decentralization move in years amid tight operator economics and rising network difficulty.